Economics 0455 · IGCSE · Price elasticity of supply (PES)

Price elasticity of supply (PES) — practice question

What factors would make the price elasticity of supply (PES) of a product greater?

  • Aan increase in the cost of inputs
  • Ban increase in the firm’s profits
  • Can increase in the number of close substitutes
  • Dan increase in the time a product can be stored

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